Marshall Financial Group LLC lessened its holdings in Visa Inc. (NYSE:V – Free Report) by 6.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,824 shares of the credit-card processor’s stock after selling 701 shares during the period. Marshall Financial Group LLC’s holdings in Visa were worth $2,215,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its holdings in shares of Visa by 116,608.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after buying an additional 24,483,134 shares in the last quarter. Norges Bank bought a new stake in Visa in the 4th quarter valued at $3,067,232,000. Morgan Stanley lifted its stake in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after purchasing an additional 5,864,340 shares in the last quarter. Cottage Street Advisors LLC boosted its holdings in shares of Visa by 15,603.1% during the 4th quarter. Cottage Street Advisors LLC now owns 3,156,323 shares of the credit-card processor’s stock valued at $998,000 after purchasing an additional 3,136,223 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Visa by 4.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,100,136 shares of the credit-card processor’s stock worth $10,616,564,000 after purchasing an additional 2,216,275 shares during the last quarter. 84.92% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, insider Tullier Kelly Mahon sold 54,146 shares of Visa stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $232.55, for a total transaction of $12,591,652.30. Following the transaction, the insider now directly owns 26,674 shares of the company’s stock, valued at $6,203,038.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Tullier Kelly Mahon sold 54,146 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $232.55, for a total transaction of $12,591,652.30. Following the sale, the insider now owns 26,674 shares of the company’s stock, valued at $6,203,038.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 1,288 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $232.97, for a total transaction of $300,065.36. Following the completion of the transaction, the director now owns 2,542 shares of the company’s stock, valued at $592,209.74. The disclosure for this sale can be found here. Insiders sold a total of 116,277 shares of company stock valued at $27,018,374 over the last three months. 0.22% of the stock is owned by company insiders.
Visa Stock Performance
Visa (NYSE:V – Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.12. The company had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.79 billion. Visa had a return on equity of 50.21% and a net margin of 50.95%. Visa’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 earnings per share. As a group, equities analysts predict that Visa Inc. will post 8.58 EPS for the current year.
Visa Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were issued a $0.45 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.80 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is currently 24.06%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Robert W. Baird increased their price target on Visa from $272.00 to $284.00 in a research note on Wednesday, April 26th. BMO Capital Markets raised their target price on shares of Visa from $253.00 to $263.00 in a report on Wednesday, April 26th. KeyCorp boosted their price target on shares of Visa from $250.00 to $260.00 in a research report on Monday, April 24th. Barclays increased their price objective on shares of Visa from $270.00 to $272.00 in a research report on Monday, May 1st. Finally, Raymond James upped their target price on shares of Visa from $281.00 to $282.00 in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $260.08.
About Visa
Visa Inc operates as a payments technology company worldwide. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; and Visa DPS that provides a range of value added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
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